Building Details

Year built 1975

Floors in Building 1

Roof type Aluminum

Additional Structures Outbuilding

Listing Agency: Downtown Realty Visalia d***@gmail.com Show Phone

Listed By: Juan Tehandon Moreno Show Phone

Added: Mar 21 Changed: Sep 7 Last Checked: Sep 18 at 6:06PM

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MLS# 240513

Copyright © 2026 Tulare County MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This industrial property includes a 6,990-square-foot building constructed in 1975. The improvements feature evaporative cooling, an aluminum roof, RV parking, and connections to public water and public sewer. The property is positioned in Strathmore, with access to Highway 65 within minutes. Its Orange Belt Drive address places the facility in a town-based setting suitable for continued industrial use or business operations supported by the existing building infrastructure.

Key Highlights

• 6,990‑square‑foot industrial building
• Constructed in 1975
• 0.74‑acre lot

Financial Insights

Estimated NOI and Cap Rate

NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).

NOI / Yr

$40,695

Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.

Cap Rate

5.09%

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$813,900 $813.9K

Cap Rate 7%

$581,357 $581.4K

Cap Rate 9%

$452,167 $452.2K

Market Conditions

NOI Build-Up for 6,990 SF Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent. EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs. OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements. NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.

Gross rent

$62.9K $9.00/SF

− Vacancy

−$4.8K −$0.68/SF

EGI

$58.1K $8.32/SF

− OpEx

−$17.4K −$2.50/SF

NOI

$40.7K $5.82/SF

Area

Tulare County, CA

Vacancy

7.59%

Lease Rate

$9.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$813,900

Cap Rate 7%

$581,357

Cap Rate 9%

$452,167

Alternative Uses

Best Use

Industrial

$581.4K

$508.7K – $678.3K (±1% cap)

NOI $40,695 @ 7.0% cap · market cap 5.09%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$2.12M

$1.86M – $2.48M (±1% cap)

NOI $148,625 @ 7.0% cap · market cap 18.60%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Industrial properties

Suggested Use

Top Pick Parking Lot & Garage Building Supply Electrical Service Furniture & Home Goods Garden Center (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

132

Businesses Nearby

Explore this area Business Placement

Demographics for 93267, CA

6,119

Population

1,686

Households

3.6

Avg Household Size

31

Median Age

5%

College-Educated

58%

High-School Grad

61.7 sq mi

ZIP Area

99

Density / Sq Mi

$44,786

Median Household Income

$25,619

Median Earnings

$875

Median Rent

$245,600

Median Home Value

Market

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this industrial properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Industrial property - Industrial facility with evaporative cooling, public water and sewer, and convenient access to Highway 65.

Where is this industrial property located?

The property is located at 19757 Orange Belt Drive Strathmore, CA.

What is the asking price?

The asking price for this property is $799,000.

What are key features of this property?

This property features: 6,990‑square‑foot industrial building; Constructed in 1975; 0.74‑acre lot